The average CFO's tenure is 4.7 years, according to a recent report from Crist Kolder Associates. 

Madera (Calif.) Community Hospital is expected to reopen within the next few months after closing in January 2023. 

CMS published the list of acute care hospitals selected for its next episode-based alternative payment model, TEAM.

Private equity firm New Mountain Capital has completed the merger of three payment integrity companies. 

Dayton (Ohio) Children's Hospital has received $65.7 million in gifts toward its "Do. More. so all kids thrive" fundraising campaign.

Median days cash on hand dipped to a 10-year low for U.S. hospitals and health systems, according to an Aug. 7 S&P Global Ratings' report.

Ontario, Calif.-based Prime Healthcare has closed on a $1.5 billion bond amid Moody's raising its rating outlook to "Positive."

Two revenue cycle leaders recently told Becker's about a change they made in the past two years that yielded better results. 

Among the financial gifts made to hospitals, health systems and medical schools in 2024, Becker's reported on three that marked the largest donations in the organizations' histories.

A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.

Montgomery, Ala.-based Jackson Hospital & Clinic's financial situation worsened in early September when the 344-bed hospital defaulted on $60 million of municipal bonds and received a credit downgrade from S&P, according to Bloomberg.

U.S. Bankruptcy Court Judge Chris Lopez approved the sale of six Dallas-based Steward Health Care hospitals in Massachusetts to three different health systems during a Sept. 4 court hearing. 

As Santa Clara County, Calif., prepares for its $175 million purchase of Regional Medical Center, advocates are pressing HCA Healthcare for reparations, claiming the hospital's service cuts caused harm to the San Jose community, The Mercury News reported Sept. 4. 

Health system C-suites have mixed feelings about Medicare Advantage plans. Many are frustrated with the high denial rates and low coverage; some have even cut ties with MA plans.

Hicksville, Ohio-based Community Memorial Hospital permanently closed its doors Aug. 31 after temporarily shutting down in May due to financial challenges, Bill Cherry, former CEO of Community Memorial Hospital, confirmed with Becker's. 

Big South Fork Medical Center in Oneida, Tenn., saw a 30% drop in cash received in June and July compared to previous months, which then delayed its Aug. 16 payroll, CEO Hal Leftwich emailed to Becker's.

A theme has taken shape as hospitals posted a calendar-year-to-date operating margin index of 4.1% in July, according to Kaufman Hall's July "National Hospital Flash" report.

Sue Perrotty, CEO of West Reading, Pa.-based Tower Health, told Becker's that health systems need to move away from the "we built it, we love it" mindset. 

The bankruptcy saga of Dallas-based Steward Health Care is a complex one with no clear end in sight. As the for-profit health system works to offload the remainder of its 31 hospitals, the million-dollar question remains: What happens to the hospitals that don't receive a proper bid?

Two Massachusetts health systems trimmed second-quarter operating losses under the leadership of new CFOs, while the new CFO at a Missouri system aims to bolster margins and meet growth goals in fiscal 2025.